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Derivative and Other Financial Instruments with Off-Balance Sheet Risks (Tables)
12 Months Ended
Jun. 30, 2020
Derivative and Other Financial Instruments with Off-Balance Sheet Risks  
Schedule of undisbursed funds commitments

 

 

 

 

 

 

 

 

    

June 30, 

Commitments

 

2020

 

2019

(In Thousands)

 

 

  

 

 

  

Undisbursed loan funds – Construction loans

 

$

4,029

 

$

6,592

Undisbursed lines of credit – Commercial business loans

 

 

935

 

 

1,003

Undisbursed lines of credit – Consumer loans

 

 

448

 

 

479

Commitments to extend credit on loans to be held for investment

 

 

13,579

 

 

4,254

Total

 

$

18,991

 

$

12,328

 

Schedule of allowance for loan losses of undisbursed funds and commitments on loans held for investment

 

 

 

 

 

 

 

 

 

Year Ended

 

 

June 30, 

(In Thousands)

    

2020

    

2019

Balance, beginning of the year

 

$

141

 

$

157

Recovery

 

 

(15)

 

 

(16)

Balance, end of the year

 

$

126

 

$

141

 

Schedule of impact of derivative financial instruments on gain on sale of loans

 

 

 

 

 

 

 

 

 

Year Ended June 30, 

Derivative Financial Instruments

    

2020

    

2019

 

 

 

 

 

 

 

Commitments to extend credit on loans to be held for sale

 

$

 —

 

$

(825)

Mandatory loan sale commitments and TBA MBS trades

 

 

 —

 

 

440

Total net loss

 

$

 —

 

$

(385)